Pelat Timah (Indonesia) Market Value
| NIKL Stock | IDR 264.00 4.00 1.54% |
| Symbol | Pelat |
Pelat Timah 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Pelat Timah's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Pelat Timah.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Pelat Timah on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Pelat Timah Nusantara or generate 0.0% return on investment in Pelat Timah over 180 days. Pelat Timah is related to or competes with Timah Persero, Semen Indonesia, Mitra Pinasthika, Jakarta Int, Asuransi Harta, Indosterling Technomedia, and Indosat Tbk. More
Pelat Timah Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Pelat Timah's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Pelat Timah Nusantara upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.04 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 32.46 | |||
| Value At Risk | (4.51) | |||
| Potential Upside | 3.85 |
Pelat Timah Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pelat Timah's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pelat Timah's standard deviation. In reality, there are many statistical measures that can use Pelat Timah historical prices to predict the future Pelat Timah's volatility.| Risk Adjusted Performance | 0.0274 | |||
| Jensen Alpha | 0.2007 | |||
| Total Risk Alpha | (0.63) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.12) |
Pelat Timah Nusantara Backtested Returns
As of now, Pelat Stock is very steady. Pelat Timah Nusantara maintains Sharpe Ratio (i.e., Efficiency) of 0.0339, which implies the firm had a 0.0339% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pelat Timah Nusantara, which you can use to evaluate the volatility of the company. Please check Pelat Timah's Semi Deviation of 2.52, coefficient of variation of 3993.0, and Risk Adjusted Performance of 0.0274 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Pelat Timah has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of -0.8, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Pelat Timah are expected to decrease at a much lower rate. During the bear market, Pelat Timah is likely to outperform the market. Pelat Timah Nusantara right now holds a risk of 4.45%. Please check Pelat Timah Nusantara standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Pelat Timah Nusantara will be following its historical price patterns.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Pelat Timah Nusantara has insignificant reverse predictability. Overlapping area represents the amount of predictability between Pelat Timah time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Pelat Timah Nusantara price movement. The serial correlation of -0.19 indicates that over 19.0% of current Pelat Timah price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 394.47 |
Pelat Timah Nusantara lagged returns against current returns
Autocorrelation, which is Pelat Timah stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Pelat Timah's stock expected returns. We can calculate the autocorrelation of Pelat Timah returns to help us make a trade decision. For example, suppose you find that Pelat Timah has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Pelat Timah regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Pelat Timah stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pelat Timah stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pelat Timah stock over time.
Current vs Lagged Prices |
| Timeline |
Pelat Timah Lagged Returns
When evaluating Pelat Timah's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pelat Timah stock have on its future price. Pelat Timah autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Pelat Timah autocorrelation shows the relationship between Pelat Timah stock current value and its past values and can show if there is a momentum factor associated with investing in Pelat Timah Nusantara.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Pelat Stock
Pelat Timah financial ratios help investors to determine whether Pelat Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Pelat with respect to the benefits of owning Pelat Timah security.